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UBS Estimates; Production of 60 lakh doses per day by November

May 5, 2021 02:13 PM

UBS Estimates; Production of 60 lakh doses per day by November
UBS Estimates; Production of 60 lakh doses per day by November; This is 12 per cent of the total lockdown in the country by March 2020; In April 2020.

The second phase of corona expansion in India, due to lockdowns, had an impact on economic activity in April. UBS Estimates; Production of 60 lakh doses per day by November, predicts that this could hurt first-quarter GDP to some extent. The UBS India Activity Indicator, which measures real-time financial activity, fell 7 percentage points to 95 last month.

UBS Estimates; Production of 60 lakh doses per day by November; This is 12 per cent of the total lockdown in the country by March 2020; In April 2020, it was down 25.5 percent. The total number of cases at that time was not even 25,000. Now over 2 crores.

The impact is small compared to 2020:

However, UBS expects the level of operations to weaken further this month as more states launch tougher sanctions. This means that the June quarter will have a drastic impact on real GDP growth. The impact will be less compared to 2020.

The reasons for this are that the conditions are not too strict compared to last year and everyone is getting used to the new lifestyle. Tanvi Gupta, chief economist at UBS Securities India, says vaccines can save lives and the economy.

Also Read: RBI supports to Medical sector; Rs 50,000 crore available

Vaccines for 43% of the population by the end of December:

Gupta estimates that by the end of December, 43 per cent of the country’s population or 64 per cent of the population over the age of 18 will be vaccinated. It is recalled that there is a production of 25-30 lakh vaccine doses per day. That production is likely to be at a similar level by the end of May; She said production would reach 60 lakh doses per day by November.

Corona crisis due to leadership error:

Comments by Raghuram Rajan:

Former Reserve Bank of India (RBI) Governor Raghuram Rajan has said that the number of corona cases in the country is on the rise due to the negligence of Kovid. He also said that the country was facing a crisis due to “lack of leadership and lack of foresight”.

In an interview with an English TV channel on Tuesday, he added: “If we had been careful, we would have realized that the Kovid outbreak was not over yet. The rest of the world (e.g. Brazil) needs to understand that the virus is ready to attack in different forms. As the number of Covid cases dropped last year, we thought the virus had done all the damage we could.

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